Millennials, Boomers And The Great Wealth Transfer

By Published On: July 20, 2017Categories: Commercial Real Estate News, TJ Client NewsComments Off on Millennials, Boomers And The Great Wealth Transfer
Saddled with student loan debt, millennials are having a hard time saving up for a down payment on a home, let alone retirement.

But there may be help coming from their baby boomer parents, who hold 80 percent of American household wealth and are poised to pass on an estimated $30 trillion. Sensing an opportunity, financial planners are looking for new ways to connect with this younger generation. When U.S. News & World Report needed experts to weigh in on the trend, we connected a reporter with Michaeline Gordon, an attorney at Taylor Johnson client Ginsberg Jacobs LLC. In the piece, Gordon explains that while Gen Y’s tech-first mentality has fueled an explosion in digital robo-advisory tools, only good old-fashioned human interaction can provide the insights many millennials seek when navigating major life events.

Attorney Michaeline Gordon is an expert on estate planning.

Attorney Michaeline Gordon is an expert on estate planning.

 

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